5844 Colfax Avenue, North Hollywood, CA, US, 91601

Welcome to the desirable neighborhood near NoHo West, where an incredible investment opportunity awaits. Situated on a spacious approximately 6,700 Sq Ft RD3-zoned lot, this property offers exceptional potential for future development, including the possibility to build additional units and ADUs. The existing single-story home features 3 bedrooms, 1 bathroom, and approximately 1,031 Sq Ft of living space, offering flexibility for both owner-users and investors alike.The expansive backyard provides ample space for entertaining, outdoor enjoyment, or future expansion possibilities. Centrally located, this property is conveniently close to shopping centers, television and movie studios, sound studios, restaurants, and freeway access. NoHo West and the vibrant NoHo Arts District are just moments away, offering endless dining, entertainment, and cultural experiences. Enjoy nearby parks, the Chandler Bike Path, Orange Line Metro access, and close proximity to Burbank Airport.Property will be delivered RTI (Ready-To-Issue) for a proposed 4-unit development project totaling approximately 4,829 Sq Ft, consisting of (2) 3 Bed + 2.5 Bath units and (2) 2 Bed + 2 Bath ADUs. Whether you're looking for a comfortable home, investment property, or future development opportunity, this North Hollywood property offers tremendous upside in one of the Valley's fastest-growing neighborhoods.